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1441  Bitcoin / Bitcoin Discussion / Re: DID I MAKE A MISTAKE INVESTING IN BITCOIN? on: December 12, 2019, 05:29:42 PM
This is the question that repeats always when Bitcoin price goes down. But every user has to be aware that Bitcoin price dump is normal part of Bitcoin volatility and it can't be avoided. That doesn't mean that investment in Bitcoin is mistake, just that it has certain risk you need to handle. Sometimes you will lose, sometimes you will win and that is why Bitcoin is best investment on long term.
1442  Economy / Speculation / Re: Bull run is delayed! Halving not helping! Bear go away on: December 11, 2019, 08:59:02 PM
To be honest I didn't expect any bull run any time soon. Besides something like that is very hard to predict and you can't tell month or date when it's going to happen.
Also, I don't have any expectations of halving regarding price, it will not bring big price pump. If some effect will appear it will be probably only small and on the short term.
1443  Economy / Speculation / Re: bitcoin could be 6000$ soon give us your opinion on: December 11, 2019, 07:17:39 PM
There are no more indicators to show us that Bitcoin will go down to 6k$. Bitcoin feels comfortable here so I think it will stay here for a while with bouncing between prices as the accumulation phase still goes on. Look what Tether did today as this was clearly an injection of cash going into cryptos and so far the one who are benefits from this are some altcoins so I would expect a mini altcoin season until the end of the year with some lucky of them going up really nice.

Currently there are no.indicators that Bitcoin might go down to 6000$ but that doesn't mean this can't happen. Price corrections are always possible and probably we will experience some more by the end of the year. I'm not saying that the price will go down and stay there, it's possibility to bounce back and even go to 8000$, I'm just saying that is also possibility that we need to have in mind.
1444  Bitcoin / Bitcoin Discussion / Re: The fight against Bitcoin is coming. Are we ready?! on: December 11, 2019, 02:51:45 PM
I'm amazed how some Bitcoin users love to invent all kind of conspiracy theories and always talk about some kind of war against Bitcoin or Bitcoin users.
In real life that is not true at all and not every event or news should be interpreted like it's pointed against Bitcoin, that is wrong attitude.
1445  Economy / Economics / Re: Energy consumption will become an issue if bitcoin really breaks through on: December 11, 2019, 11:23:15 AM
That was in the past, I think the power issue is no longer a problem because currently there are power grids that are completely untouched in Europe and North America. European countries are Switzerland, Belarus, and Netherlands. In North America we have Canada (Quebec), where there is huge amount of power at very low cost 0.04 kw/h maximum.  

The question is not only about the source and price of power but also about protection of environment. Increased electricity consumption is a global issue and threat to our planet and Bitcoin is not excluded. So I think we should look at that from the different angle and try to find sustainable solution.
1446  Bitcoin / Bitcoin Discussion / Re: Best ways of bringing Bitcoin to non-crypto users on: December 10, 2019, 09:07:33 PM
This is not as easy as it might seem. Many people still don't have confidence in Bitcoin or think that is something that soon will be gone, some kind of trend that will disappear. To my experience a lot of efforts is needed to explain all benefits of Bitcoin and how it's functioning to someone that is not familiar with it.
That is why we need more formal education and information and Bitcoin and cryptocurrencies from sources that people trust and we also need to educate young people from the early age. It will take time before Bitcoin becomes something usual and fully accepted in the society.
1447  Economy / Speculation / Re: Could Bitcoin increase as in 2017? on: December 10, 2019, 07:32:38 PM
I know it's Christmas time amd everyone gets a bit emotional, everything seems possible but don't that feeling makes you beleive that 2017 scenario will repeat for Bitcoin. I'm not trying to say that is never going to happen again but current situation in the market isn't looking that optimistic. Also, many are expecting high price rise after halving thinking that might be trigger for another bull run but I think it's better to keep expectations on a moderate level.
1448  Economy / Trading Discussion / Re: Can I still get wealthy through Bitcoin? on: December 10, 2019, 05:26:57 PM
Bitcoin and the blockchain have been presented as the future for a decade now, and it turned many of those who found out about it early into millionaires.  Some rank these two as the greatest inventions of this century: cryptocurrencies, of which Bitcoin is only one, and blockchain, the record-keeping technology that underpins it. Is the prediction of bitcoin's strong future coming true within the next few years? Is it too late to have a chance in getting wealthy through Bitcoin?
Bitcoin is currently beyond the early adapters phase and those amount of fortunes can't be achieved by everyone by investing now. But you can get a handsome return over your investment if you invest in dips and sell in bull market. Also trading bitcoins will greatly boost the amount of money that you will make over the long run.

To my opinion only early adopters had the chance to become really, really rich under condition they kept their coins long enough.
However, investors of today have also chance to make decent profit if they have reasonable, moderate goals and invest on long term. But it's illusion to expect to become rich over night.
1449  Bitcoin / Bitcoin Discussion / Re: Bitcoin fleas are going down! on: December 10, 2019, 10:43:33 AM
Strange comparison and actually I don't see the connection.
However, don't be too happy too soon, price corrections and fluctuations will continue and it can happen that Bitcoin will not be back over 8000$ soon. Current price range is likely to stay for a while.
About two months ago I thought Bitcoin price could reach 10000$ by the end of the year but at the moment I don't think there is chance this will happen.
1450  Economy / Economics / Re: How many bitcoin is enough? on: December 09, 2019, 06:44:25 PM
I didn't set a target for bitcoin that I should accumulate every year. Because it just gives me pressure, right now what I earn I am saving the half and the rest I will convert to fiat currency to spend on my daily needs.



I have a similar plan. It's hard to set some final amount of Bitcoins ecause of volatility. That is why I'm trying to save certain amount but without precise sum and the rest I'm spending. That way Bitcoin helps my finances but I also strongly beleive that Bitcoin isn't made only for savings and to be forhotten in some wallet but to be actively used in everyday life.
1451  Economy / Trading Discussion / Re: What Is A Trading Signal Platform And Why You Should Try It For Cryptocurrency T on: December 09, 2019, 05:47:29 PM
People would literaly do anything to be more successful traders and to increase profit. That is the reason why they trust trading bots and trading signals platform which is to my opinion totaly useless and will not help you. In most cases it will give you wrong direction and make you take wrong decisions.
Nothing of that can't replace trading skills, experience and knowledge as well as human thinking and decision making so don't rely on such so called tools.
1452  Economy / Economics / Re: harmonization of fiat and crypto on: December 09, 2019, 12:36:00 PM
Fiat and crypto have harmonization each other and we can't make one of them could stand by self with have each of fiat of crypto, with fiat crypto could be most profitable because many people still use money for many transaction kinds in their country, without crypto fiat look lke not completed with many transaction for other country faster by crypto.

We still can't say that fiat and cryptocurrencies are in harmony but sooner or later they will have to be.
Cryptocurrencies have become part of many societies and governments and central banks need to find the way how to regulate it the best way because with time cryptocurrencies will only grow.
That doesn't mean that people will stop to use fiat currencies, that will not happen but probably will combine the best of both. Therefore the best option for harmony of fiat and cryptocurrencies should be found as soon as possible.
1453  Bitcoin / Bitcoin Discussion / Re: France to launch their own cryptocurrency on: December 09, 2019, 09:03:47 AM
France is not the first or the last country to launch own cryptocurrency. Countries are experimenting with cryptocurrencies for a long time now to see what are their possibilities and opportunities. This will not bring any kind of revolution and I doubt that it will be successful but I don't think that matters. Like I said, it's about experimenting.
1454  Bitcoin / Bitcoin Discussion / Re: Sale my old bike and buy bitcoin, what do you think? on: December 08, 2019, 04:46:28 PM
Well, if the bike is old and you don't need it then it's good idea to sell it and invest that money further. But I suppose yuo will get very little but if you are investor-beginner then it's even better to start with smaller sum and low risk. And you will invest money that you don't actually need and don't count on it.
I guess there is not much to lose so go for it, try and see how you"ll get. Howe, get well informed before you buy Bitcoin to know exactly what are you doing.
1455  Economy / Trading Discussion / Re: Is Technical Analysis Bullshit or Not? on: December 08, 2019, 02:22:06 PM
If you know how to use and interprete data technical analysis could be very useful. Many traders use it as guidlines and to better understand the market. However, when making decisions you can't rely only on technical analisys and it will not do the work instead of you. So, like everything else it's just a tool that might be helpful but can't replace your own skills.
1456  Economy / Economics / Re: What will happen if the all countries convert to cryptocurrency? on: December 08, 2019, 11:06:49 AM
Nothing would happen because that is utopia. Situation where all countries adopt Bitcoin or other cryptocurrencies and abandon fiat money is impossible.
We are very far away from mass adoption that has too many obstacles like lack of knowledge and education about cryptocurrencies, lack of internet connectivity, lack of regulation. There are still people in the world that live without electricity and internet for them is just a dream.
Also, countries and economies can't function based on cryptocurrencies, they are not adequate for that role.
1457  Economy / Speculation / Re: Bitgoin is going to moon 1.5.2021 it will hit 236K on: December 08, 2019, 10:06:18 AM
I just love such predictions with exact time and value of price growth. It seems that someone is having cristal ball or is a prophet. People, get serious and don't be ridiculous. I know it's nice to dream sometimes but that will not help you with Bitcoin.
1458  Bitcoin / Bitcoin Discussion / Re: In the next decade, BTC and digital currencies will “fully” replace fiat? on: December 08, 2019, 07:53:50 AM
To my opinion cryptocurrencies will never replace fiat. They will develope further and they will become more equal to fiat currencies but they will not replace them.
Due to its characteristics cryptocurrencies are volatile and unstable and world economies can't rely on them. Also, very small number of people is.using cryptocurrencies and due to lack of knowledge and internet connectivity they are not available to them. So, let's be realistic.
1459  Economy / Economics / Re: What would happen to banks? on: December 07, 2019, 08:48:59 PM
In my own personal opinion, banks would never be obselete due to mass adoption of bitcoin because banks could be a good used to cryptocurrency someday that crypto users will start to store their own funds. Other reasons why banks will never be replaced is because the government are supporting banks and fiat over crypto, that is why banks will still exist for a long time.

Banks will never be obsolete, that is true, but not because of mass adoption of cryptocurrencies but because people will never stop to use fiat currencies.and economies will continue to depend on fiat currencies.
However, with time banks will get more.and more involved in crypto and they will start to offer crypto related services to their clients. But precondition for that is regulation of cryptocurrencies.
1460  Economy / Speculation / Re: Bitcoin Price Moving Towards $9500 Mark on: December 07, 2019, 07:15:21 PM
Maybe at certain moment it seemd that price is heading towards 9000$ or more but it.pushed back again. Nothing unusual but I think that we can't expect another biger price rise this year. There is not much time left and we would need continuous and steady price rise which is not likely to happen. By the end of the year it will probably stay in the range between 7000$ and 8000$ without significant changes.
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